It’s 1 in 11 for Ethereum; Was last week just an anomaly

ambcrypto.com:

The entire cryptocurrency market witnessed a significant amount of price corrections over the past couple of weeks. Selling pressure on different crypto exchanges was estimated to aggravate by another 10-15% over the short term. Keeping all that in mind, here’s how investors reacted to such headwinds.

Digital asset investment products saw inflows totaling $109 million last week despite recent price weakness and perceived negative impact from the looming conflict in Eastern Europe. CoinShares’ 22 February “Digital Asset Fund Flows Weekly” report, shared further insights in a report.

James Butterfill, the author of the reportopined:

“Following the run of outflows in January, the latest data marks the 5th week of inflows. While inflows were seen in both Europe and the Americas, it was predominantly the latter with inflows totaling US$101m.”

The graph below supplemented the aforementioned argument.

Source:Coinshares |Medium

Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX) were clearly the star of the show.

Bitcoin, the king coin led the way with $89 million worth of inflows between 14 February and 18 February, the highest since December 2021. However, the report opined:

“The inflows remain tepid, with the last 5 weeks of inflows totaling $221 million, representing 0.7% of total assets under management (AuM).”

In comparison, Ether investment products offering, by contrast, saw $15.2 million in outflows last week. Surprisingly, it only generated inflows in one of the past 11 weeks. Ethereum competitors made sure to take advantage of this deficit.

Source:CoinShares

Avalanche, a promising smart contract platform and competitor to Ethereum, saw inflows totaling $25 million last week. However, influx here represented “trading on one single